This is a trading diary containing my views on international financial markets and economic news. I focus on the relationships between bond, currency, commodity and equity markets across countries. All ideas and opinions expressed here are shared for educational purposes. THESE ARE NOT RECOMMENDATIONS!

Nov 24, 2004

With WMT and GE both pressing the lows of the day I don't think the market is going to hold up. I would guess people are caught long and if the statistics fail today wont people expect them to fail on Friday? And the OIH just ticked a new high to boot.

I would put the resilience in the face of a weak dollar in the plus column but that is not going to help much into the close.